Weiss evaluations published the latest update of its popular cryptocurrency ranking, evaluating 111 tokens out of a total of over 3,000 cryptos studied. Only four cryptocurrencies have been evaluated as strong purchases by the company.
According to the ranking, cryptographic coins receive an evaluation that goes from E to A +. A cryptocurrency is considered as "Buy" when it has an evaluation higher than B-, if the evaluation is between C and C + is considered a "wait" while if it is lower than D + it is considered a "Sale".
Only 4 out of 100 are "Buys"
According to the recent study, XRP, XLM, ADA and EOS were rated higher than "B", which means that the prestigious risk assessment company recommends their purchase and accumulation in the short term. The reasons behind this are based on their potential:
"These are among the few who are starting to put everything together – advanced technology and adoption in the real world – they are not finished yet, but they are making good progress."
According to the report, XRP and Stellar have the potential to be useful for traditional financial industries, while EOS and ADA will have a more significant impact on decentralized community building:
"XRP and Stellar are aimed at companies and other organizations, mainly for fast financial transfers, while EOS and Cardano are designed more as virtual communities, with each participant authorized to influence the future direction of the project, covering a wide range of applications. . "
Weiss Ratings: Looking at The Future
Weiss's team was quite optimistic about this small group of cryptosides. To convey their enthusiasm, they invited traders to do a mental exercise in which they translate the current progress made by these blockchains in the near future:
"Think about it, they made significant progress during a period of massive investor losses, extensive damage to the reputation of the industry and, worse still.
So imagine what their market performance could be like once the cryptographic markets get better and investors' interest returns! "
Bitcoin has an evaluation of C. The cryptocurrency has a lot of potential especially in adoption; however, it has not had as many technological innovations as other developments (for example, ADA and EOS).
The team states that the rating can go up when Lightning Network becomes a reality, however they are aware of this "It could take a lot more time."